Weekly turnover of China's "new third board" hits 1.3 bln yuan
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E-mail Xinhua, February 21, 2021
BEIJING, Feb. 21 (Xinhua) -- China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," saw a turnover of over 1.3 billion yuan (about 201.16 million U.S. dollars) in the two-day trading period directly following the Spring Festival holiday.
From Feb. 18 to 19, its turnover reached 1.33 billion yuan. As of Feb. 19, a total of 7,987 companies were listed on the NEEQ.
Launched in 2013, the NEEQ intends to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.
China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises, and support the quality growth of the real economy.
The NEEQ saw a turnover of about 129.46 billion yuan in 2020, a significant increase from the 2019 figure of over 80 billion yuan. Enditem
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